2029 Balboa, Del Mar, California 92014, Del Mar, 92014 - 5 bed, 6 bath
2029 Balboa
Del Mar, California 92014
Property Price
SUMMARY
Analysis of 2029 Balboa, Del Mar, California 92014 is currently available with a list price of $5,100,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Del Mar Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The listing explicitly states the property is being offered at land value and the existing 1965 mid-century structure is intended for demolition. The provided images are conceptual renderings for a future development rather than photos of the current residence, confirming the property is a redevelopment site.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Del Mar Hills Elementary School (9/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
- Panoramic Ocean Views
The property occupies an elevated position providing sweeping, unobstructed ocean and sunset views, which is a primary value driver in the Del Mar luxury market.
- Rare Double Lot
Spanning 18,000 square feet, this expansive double lot offers rare scale and flexibility for a secluded coastal estate, a significant find in a high-density coastal area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17900, other record lot size in square feet = 16784. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5300, other record living area = 2500. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2025-03-21. The sold price is $4,625,000.00.
- Land Value Condition
The existing 1965 mid-century structure is being sold at land value, implying it likely requires a complete teardown or a cost-prohibitive total renovation.
About 2029 Balboa
Located in one of Del Mar's most greatly desired neighborhoods, this unique offering consists of an elevated, double lot of 18,000 Sq Ft with panoramic ocean and sunset views. Design your own secluded and quiet COASTAL ESTATE. Conceptual drawings envision a new 4500 Sq Ft Residence with 795 Sq Ft ADU, large, attached view decks and pool all perched to maximize the sweeping ocean views. This is an rare opportunity to own a double lot that offers multiple options for development. Existing on property is 1965 midcentury modern. The property is being offered at land value. Homes in this neighborhood have sold for up to $21,000,000.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- -
- Lot Size
- 17,900 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Del Mar Unified Schools
Del Mar Hills Elementary School
Grades K-6 • 1.2 mi
Del Mar Heights Elementary School
Grades K-6 • 1.6 mi
Earl Warren Middle School
Grades 7-8 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 6.0 | 4.0 | 93% |
| Square foot | 5,300 | 2,539.5 | 93% |
| Lot Size | 17,900 | 8,550 | 84% |
| Price | $5.10M | $3.58M | 73% |
| Price per sq ft | $962 | $1.2K | 23% |
| Built year | - | 1985 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 190 | 7% |
Pricing History
Listed for Sale
Feb 8, 2026
$5,100,000
Initial Listing
Sold
Mar 21, 2025
$4,625,000
Public Record